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Side-by-side financial comparison of DouYu International Holdings Ltd (DOYU) and MACERICH CO (MAC). Click either name above to swap in a different company.

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $147.1M, roughly 1.8× DouYu International Holdings Ltd).

DouYu International Holdings Ltd operates a leading live streaming platform centered on video game and esports content primarily in mainland China. It offers interactive live streams covering professional esports tournaments, casual gaming content, and variety entertainment, targeting young gaming enthusiasts as its core user base, with main revenue streams including virtual gifting, advertising, and paid memberships.

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

DOYU vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.8× larger
MAC
$261.7M
$147.1M
DOYU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DOYU
DOYU
MAC
MAC
Revenue
$147.1M
$261.7M
Net Profit
$-18.8M
Gross Margin
13.5%
Operating Margin
Net Margin
-7.2%
Revenue YoY
-4.4%
Net Profit YoY
91.1%
EPS (diluted)
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOYU
DOYU
MAC
MAC
Q4 25
$261.7M
Q3 25
$253.3M
Q2 25
$147.1M
$249.8M
Q1 25
$130.5M
$249.2M
Q4 24
$273.7M
Q3 24
$220.2M
Q2 24
$142.0M
$215.5M
Q1 24
$144.0M
$208.8M
Net Profit
DOYU
DOYU
MAC
MAC
Q4 25
$-18.8M
Q3 25
$-87.4M
Q2 25
$-40.9M
Q1 25
$-11.0M
$-50.1M
Q4 24
$-211.2M
Q3 24
$-108.2M
Q2 24
$-6.8M
$252.0M
Q1 24
$-12.2M
$-126.7M
Gross Margin
DOYU
DOYU
MAC
MAC
Q4 25
Q3 25
Q2 25
13.5%
Q1 25
12.0%
Q4 24
Q3 24
Q2 24
8.2%
Q1 24
10.5%
Operating Margin
DOYU
DOYU
MAC
MAC
Q4 25
Q3 25
Q2 25
Q1 25
-2.8%
Q4 24
Q3 24
Q2 24
-11.6%
Q1 24
-16.1%
Net Margin
DOYU
DOYU
MAC
MAC
Q4 25
-7.2%
Q3 25
-34.5%
Q2 25
-16.4%
Q1 25
-8.4%
-20.1%
Q4 24
-77.2%
Q3 24
-49.1%
Q2 24
-4.8%
116.9%
Q1 24
-8.5%
-60.7%
EPS (diluted)
DOYU
DOYU
MAC
MAC
Q4 25
$-0.08
Q3 25
$-0.34
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.95
Q3 24
$-0.50
Q2 24
$1.16
Q1 24
$-0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOYU
DOYU
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$214.4M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$279.9M
$2.4B
Total Assets
$448.1M
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOYU
DOYU
MAC
MAC
Q4 25
$280.2M
Q3 25
$290.2M
Q2 25
$214.4M
$131.1M
Q1 25
$35.2M
$253.2M
Q4 24
$89.9M
Q3 24
$116.5M
Q2 24
$558.8M
$70.7M
Q1 24
$70.7M
$120.1M
Total Debt
DOYU
DOYU
MAC
MAC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
DOYU
DOYU
MAC
MAC
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$279.9M
$2.6B
Q1 25
$37.4M
$2.7B
Q4 24
$2.8B
Q3 24
$2.5B
Q2 24
$895.6M
$2.5B
Q1 24
$126.4M
$2.3B
Total Assets
DOYU
DOYU
MAC
MAC
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$448.1M
$8.7B
Q1 25
$60.8M
$8.7B
Q4 24
$8.6B
Q3 24
$7.6B
Q2 24
$1.1B
$7.8B
Q1 24
$156.2M
$7.4B
Debt / Equity
DOYU
DOYU
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOYU
DOYU
MAC
MAC
Operating Cash FlowLast quarter
$50.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOYU
DOYU
MAC
MAC
Q4 25
$50.2M
Q3 25
$112.4M
Q2 25
$70.5M
Q1 25
$88.5M
Q4 24
$54.9M
Q3 24
$100.0M
Q2 24
$67.4M
Q1 24
$61.1M
Cash Conversion
DOYU
DOYU
MAC
MAC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.27×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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